Innventure, Inc. Approves Equity Compensation Awards for Executive Officers

On December 9, 2024, the Compensation Committee of Innventure, Inc. (NASDAQ: INV) approved the grant of equity compensation awards to certain executive officers. These awards, known as Equity Awards, were granted under the company’s 2024 Equity and Incentive Compensation Plan.

The Equity Awards consist of restricted stock units (RSUs) and stock option grants, with a grant date of December 9, 2024. The approved awards include 336,066 RSUs and 163,934 Stock Options for David Yablunosky, the Chief Financial Officer, 537,705 RSUs and 262,295 Stock Options for Michael Otworth, and 336,066 RSUs and 163,934 Stock Options for Dr. John Scott, both identified as Named Executive Officers (NEOs).

For Mr. Yablunosky, the RSUs will vest in three equal installments starting on May 1, 2025, subject to continuous service. For Otworth and Dr. Scott, the RSUs will vest on October 2, 2025, or upon the termination of the contractual lock-up agreement entered into by them on October 24, 2023.

Regarding the Stock Options, Mr. Yablunosky’s options will vest in portions over time, with an exercise price of $12.20 per share. For Otworth and Dr. Scott, the Stock Options will vest entirely on October 2, 2025, or upon the termination of the contractual lock-up agreement.

Further details about these awards can be found in the forms of Notice of Grant of Restricted Stock Units and Restricted Stock Units Agreement and Notice of Grant of Nonqualified Stock Option and Nonqualified Stock Option Agreement, which are included as exhibits to the current report on Form 8-K.

Innventure, Inc. confirmed its status as an emerging growth company under Rule 405 of the Securities Act of 1933 and indicated its compliance with applicable financial accounting standards in the filed report. The report was duly signed by David Yablunosky, Chief Financial Officer, on behalf of the company on December 13, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Innventure’s 8K filing here.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.